China Weekly News

1. More regulations for live stream hosts? Streamers must now uphold good political values and social values, create and promote more “positive” stories and maintain a “wholesome” taste. (Technode) 2. China’s cross-border e-commerce industry has enjoyed rapid growth, expanding 10-fold i...
1. Online shopping bolstering recovery? JD said its transaction volume for 618 stood at 379.3 billion yuan ($56.5 billion) as of last week, an increase of 10.3% YoY from 343.8 billion yuan in 2021. (China Daily) 2. Shanghai ranked second in spending power among all 31 Chinese provinces, municipal...
1. The Chinese economy did not fare well in the second quarter. But May saw an economic rebound, which is likely to strengthen in the third quarter. (China Daily) 2. Alibaba’s cloud services unit jumps on the NFT bandwagon amid a global market downturn for these digital assets. (South China Mor...
1. A growing number of Chinese tech start-ups are willing to list shares publicly in China at valuations lower than during private funding rounds. (Reuters) 2. Guangdong to be China’s data hub? China’s first conference supporting its new mega data project kicked off over the weekend in Shaogu...
1. Chinese Premier Li Keqiang voices support for tech listings. China will support platform companies and digital economy enterprises to raise capital in domestic and overseas stock markets. (South China Morning Post) 2. JD beat estimates for quarterly revenue as more people shopped on its platfo...
1. China has ordered internet platforms to step up governance of how under-18s use their livestreaming services as part of ongoing regulations on the booming sector. (Reuters) 2. New livestreaming tech? ByteDance has launched a new hardware device called the “Lingjing Livestreaming All-in-One M...
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